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Episode 388

The Economics of Sports Gambling

What happens when tens of millions of fantasy-sports players are suddenly able to bet real money on real games? We’re about to find out. A recent Supreme Court decision has…

A Smart Incentive or Obesity Persecution?

…University of Chicago administers to all incoming undergraduates, and the rampant cheating it inspires. The “punishment” for failing the fitness test was P.E. classes through your first year. So on…



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Episode 26

The Health of Nations

For decades, G.D.P. has been the yardstick for measuring living standards around the world. Martha Nussbaum would rather use something that actually works.

FREAK-est Links

…Principal tries new incentive program for students: no cellphones or cars if they’re failing. (HT: V. Brenner) Honest Tea’s National Honesty Index this year: 93 percent of participants were honest….



More Sunk-Cost Thinking on Iraq War

…lead: Our inability to think clearly about sunk costs is impeding our ability to make clear decisions about our involvement in Iraq. Failing to correctly identify sunk costs (those that…



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Episode 612

Is Macy’s Thanksgiving Parade Its Most Valuable Asset?

The 166-year-old chain, which is fighting extinction, calls the parade its “gift to the nation.” With 30 million TV viewers, it’s also a big moneymaker. At least we think it…

Are Record Labels the New Realtors?

…none of them, spend more money on legal fees than they recovered in settlements, and plunge the industry into a public relations quagmire — all the while failing to stop…



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EXTRA

An Economics Lesson from a Talking Pencil (Update)

A famous essay argues that “not a single person on the face of this earth” knows how to make a pencil. How true is that? In this 2016 episode, we…

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Episode 243

How to Be More Productive (Replay)

In this busy time of year, we could all use some tips on how to get more done in less time. First, however, a warning: there’s a big difference between…

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EXTRA

5 Psychology Terms You’re Probably Misusing (Replay)

We all like to throw around terms that describe human behavior — “bystander apathy” and “steep learning curve” and “hard-wired.” Most of the time, they don’t actually mean what we…

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Episode 340

People Aren’t Dumb. The World Is Hard. (Replay)

You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. The founder of behavioral economics…

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Episode 619

How to Poison the A.I. Machine

When the computer scientist Ben Zhao learned that artists were having their work stolen by A.I. models, he invented a tool to thwart the machines. He also knows how to…

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Episode 100

Chicago’s Renegade Sheriff Wants to Fix Law Enforcement

Tom Dart is transforming Cook County’s jail, reforming evictions, and, with Steve Levitt, trying a new approach to electronic monitoring….

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Episode 239

The No-Tipping Point (Replay)

The restaurant business model is warped: kitchen wages are too low to hire cooks, while diners are put in charge of paying the waitstaff. So what happens if you eliminate…

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Episode 89

How Valuable Is Enthusiasm?

What’s the difference between willpower and eagerness? Is there a lifehack that can make you zestier? And could it help Stephen improve his golf game?…


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Episode 128

How Can You Give Better Gifts?

How many bottles of wine are regifted? What’s wrong with giving cash? And should Angela give her husband a subscription to the Sausage of the Month Club?

The Secret Life of a C.E.O.

…37:22 How to Succeed by Being Authentic (Hint: Carefully) John Mackey, the C.E.O. of Whole Foods, has learned the perils of speaking his mind. But he still says what he…



Fair Trade and the Food Movement

…path might succeed when it stays small and can reliably depend on the sustained goodwill of consumers willing to seek reform through the fork, but it will likely backfire when…



The Best Third-Grade Teacher Ever

…teachers’ teaching abilities, and how they interact. My experience with mathematics is a case in point. Although being Class Scientist gave me renewed confidence that I could succeed despite my…



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Episode 129

Should Tipping Be Banned?

It’s awkward, random, confusing — and probably discriminatory too.

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Episode 302

Why Learn Esperanto? (Special Feature)

A language invented in the 19th century and meant to be universal, it never really caught on. So why does a group of Esperantists from around the world gather once…

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Episode 182

How Can Tiny Norway Afford to Buy So Many Teslas?

The Norwegian government parleys massive oil wealth into huge subsidies for electric cars. Is that carbon laundering or just pragmatic environmentalism?

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Episode 95

The One Thing Stephen Dubner Hasn’t Quit

When Freakonomics co-authors Steve Levitt and Stephen Dubner first met, one of them hated the other. Two decades later, Levitt grills Dubner about asking questions, growing the pie, and what…

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Episode 417

Reasons to Be Cheerful (Replay)

Humans have a built-in “negativity bias,” which means we give bad news much more power than good. Would the Covid-19 crisis be an opportune time to reverse this tendency?

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Episode 452

Jeff Immelt Knows He Let You Down

Not so long ago, G.E. was the most valuable company in the world, a conglomerate that included everything from light bulbs and jet engines to financial services and The Apprentice….

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Episode 11

Are Ambitious People Inherently Selfish?

Also: why do we habituate to life’s greatest pleasures?

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Episode 620

Why Don’t Running Backs Get Paid Anymore?

They used to be the N.F.L.’s biggest stars, with paychecks to match. Now their salaries are near the bottom, and their careers are shorter than ever. We speak with an…

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Episode 179

Outsiders by Design

What does it mean to pursue something that everyone else thinks is nuts? And what does it take to succeed?

Do Ceasefires Kill?

…while planning and preparing their next wave of attacks. According to the 2012 Human Security Report, between 1950 and 2004, 62 percent of cease-fires succeeded with no resumption of conflict…